高盛:升华润置地目标价至36港元 重申“买入”评级

美港电讯
28 Mar

【高盛:升华润置地目标价至36港元 重申“买入”评级】金十数据3月28日讯,高盛发表报告指出,华润置地(01109.HK)2024财年基础利润为254亿元人民币,按年下降8%,但超出高盛预期22%。管理层预计合同销售利润率将在2025年触底回升。高盛预计其发展物业业务的报告毛利率将从2025至2026年期间的约16%恢复至2027年的18%。预测未来三年其合同销售中有35%用于土地储备,这将推动自由现金流持续扩张,支持潜在的股息派发增加。估计2025至2027年期间平均自由现金流收益率为11%。重申“买入”评级,目标价上调至36港元。

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